Uniswap v4 is set for a Q3 2024 launch.
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The much-anticipated Uniswap v4 update is scheduled for a Q3 2024 launch, the Uniswap Foundation announced Thursday via X.
Now that Denkun's mainnet launch is scheduled for March 2024, we're excited to update it for the community! 🎉
Uniswap v4 launch is tentatively set for Q3 2024.
From community-built hooks (to Events, to Twitter Spaces, to…
— Uniswap Foundation (@UniswapFND) February 15, 2024
The update is intended to take advantage of Ethereum's future. Upgrade your deckDecentralized protocol implementing key features from Ethereum Improvement Proposals (EIPs, specifically EIP-4788, EIP-1153 and EIP-4844) that enable improved functionality and efficiency.
A one-time key feature Uniswap v4 deploys the concept of “hooks”, which allows injection of custom logic into specific areas designed for pools, swaps, payments and other LP areas.
Hooks enable dynamic customization and a wide range of use cases for modern contracts. This concept was released on June 13, 2023 with the Uniswap Foundation's v4 draft publication. According to the developers, this functionality offers lower fees and better asset management to end users.
According to the developers Uniswap v4 It is compatible with the Denkun update, specifically EIP-1153, which enables temporary storage. This functionality allows developers to build improvements to smart contracts, effectively reducing gas fees (for transactions involving swaps or instant exchanges) through a method called “flash accounting.”
Uniswap says it will undergo rigorous auditing procedures to ensure that the v4 codebase is “the most rigorously audited code ever developed on Ethereum.”
Following internal reviews, comprehensive third-party audits are conducted in collaboration with various Web3 audit firms. A community audit is also planned to approve the code before the competition begins.
The codebase is suspended for now while developers make security updates as they prepare for the testnet phase.
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